In a report released today, Daniel Salmon from BMO Capital maintained a Buy rating on Netflix (NFLX), with a price target of $700.00. The company’s shares closed last Thursday at $549.22.
According to TipRanks.com, Salmon is a 5-star analyst with an average return of 20.8% and a 73.5% success rate. Salmon covers the Technology sector, focusing on stocks such as LiveRamp Holdings, Facebook, and Twitter.
Netflix has an analyst consensus of Moderate Buy, with a price target consensus of $620.13, which is a 12.9% upside from current levels. In a report issued on April 1, Piper Sandler also initiated coverage with a Buy rating on the stock with a $605.00 price target.
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Netflix’s market cap is currently $243.2B and has a P/E ratio of 90.90. The company has a Price to Book ratio of -17.13.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NFLX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Netflix, Inc. is a subscription-based streaming service through which members can view TV shows, documentaries and movies on any internet-connected device. The company also offers its DVD-by-mail service in the United States. Founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997, Netflix is headquartered in Los Gatos, CA.
